Dominic Schnider - UBS Wealth Management

Last quote by Dominic Schnider

At the same time, we do think some of the Asian currencies could still go a little bit given that on the cyclical side, we do look much better. . Higher rates per se do not always translate into a stronger currency. The starting point is very important. The dollar was massively overvalued. We're just going to see some correction of that overvaluation.feedback

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The latest quote from Dominic Schnider is: “The starting point for the dollar into 2017 was just very, very rich in terms of valuation. As we see more disappointment, from Trump's policies and at the same time, the world outside the U.S. looks better, I think we're still going to see that continuation of dollar weakness. It's not going to be a weak currency, but the dollar continues to slide on a trade-weighted basis. We do think the euro is heavily undervalued, with a chance that actually the ECB might taper in the second half of the year, then the euro/dollar should see a decent recovery.”. It comes from the Dollar will fall further, with Europe to blame article. You’ll find on this page 6 articles with Dominic Schnider quoted on topics such as Hillary, hold and mode. Dominic Schnider has been quoted 8 times in 6 articles.

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Quotes by Dominic Schnider

The starting point for the dollar into 2017 was just very, very rich in terms of valuation. As we see more disappointment, from Trump's policies and at the same time, the world outside the U.S. looks better, I think we're still going to see that continuation of dollar weakness. It's not going to be a weak currency, but the dollar continues to slide on a trade-weighted basis. We do think the euro is heavily undervalued, with a chance that actually the ECB might taper in the second half of the year, then the euro/dollar should see a decent recovery.feedback

The economy is expected to accelerate a bit this year versus last year but there's not going to be an awful lot of acceleration taking place. You can argue Trump is going to able to bring a huge fiscal stimulus and that's why growth is going to accelerate 4 percentage points. We think that is unlikely to happen; we have yet to see it's going to pass (the U.S.) Congress.feedback

There's a lot of uncertainty here. For the Fed, in the current environment, this means: 'yes guys, we are going to normalize rates but it's going to be slow moving. Give us a little bit of time, let us assess the situation.feedback

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